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Solana (SOL) Price Today: SOL Holds Near $89.70 as Market Tests 200-Day Line | Nov 8, 2026
**Solana Family Daily Briefing — Sunday, November 8, 2026 (12:10 UTC)** ## SOL Price Snapshot (last 24h) - **SOL/USDT:** $89.73 — down 0.3% (24h open $90.00, OKX) - **SOL/USDC:** $89.63 — down 0.3% (24h open $89.93, OKX) - **24h range:** $88.62 – $90.16 - **Market cap:** ~$53.0B | **24h volume (aggregate):** ~$875M A quiet weekend session. SOL spent the day boxed inside a tight ~$1.50 range after Thursday's sharp sell-off, with the USDT and USDC pairs trading within a few cents of each other — no stablecoin-pair stress to report. ## What Moved the Market **1. Aftershock of Thursday's liquidation wave.** On Nov 6, Bitcoin slipped below $76,000 and roughly $1.27B in leveraged positions were wiped out across crypto in 24 hours. SOL dropped more than 6% to about $88.50, erasing the mid-week rally. Since then, price has stabilized just under $90. **2. Testing the 200-day moving average.** SOL is sitting on its 200-day line for the first time since August. That level is now the line in the sand for bulls; a clean daily close below it would put the low $80s back in play. **3. ETF flows remain the weak spot.** U.S. spot Solana ETFs posted their worst month on record in October with about $143.7M in net outflows, and saw a further ~$1.2M leave on Thursday. Institutional demand is cooling, even as the network itself keeps improving. ## Platform & Ecosystem Highlights - **Alpenglow is live.** Following the Alpenglow consensus upgrade, Solana's co-founders say it's time to drop the network's "beta" label — a milestone for finality speed and reliability. - **Samsung Wallet brings Solana stablecoins to 82M Galaxy users.** Stablecoin accounts (USDC on Solana) are now live inside Samsung Wallet — one of the biggest mainstream distribution wins for the chain. - **Sanctum adds 2-of-3 multisig wallets.** After a string of industry hacks, Sanctum introduced 2-of-3 multisig protection so users are covered against lost or leaked private keys. - **Tokenized stocks keep growing.** JTX Equities went live with RFQ execution across 1,650+ tokenized stocks on Solana, and Leap (from Solana Labs) launched a high-performance mobile trading app. - **Asia expansion.** Solana opened a Shanghai office, and Hong Kong's HKDAP stablecoin is heading to Solana via Anchorpoint. ## Market Sentiment — Next 24 Hours: **Neutral, slightly cautious** Fundamentals are strong (Alpenglow, Samsung, tokenized-asset growth), but price is being driven by macro: a weak Bitcoin, leftover deleveraging and soft ETF flows. Weekend liquidity is thin, so expect range trading between roughly **$88 and $92**. - **Bullish case:** holding the 200-day line and reclaiming $92 could open a move toward $95. - **Bearish case:** a daily close below $88 would likely retest the $85 area. - **Watch:** Bitcoin's reaction around $76K, Monday's ETF flow data, and futures funding rates when U.S. markets reopen. *This briefing is for information only and is not financial advice. Always do your own research.* --- Sources: SolanaFloor, Solana.com News, Decrypt, Cointelegraph, CryptoTicker, Benzinga; price data from OKX, Kraken and CoinGecko.